Gold (XAU/USD) Elliott Wave - Is Gold in Wave 1 of 3 of 3/C?

See Elliott Wave count on chart.

If this possibility turns out to be true, Gold could hit targets around 1500 in the next 6 to 12 months.

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To get a better Entry, one could wait until price signals the end of the recent correction (probably wave 2 of 1 of 3 of 3/C).

Wait if 1283-1280 holds, then long possible. If prices breaks this area to the downside, 1275-1274 should be the next region where byers could push prices into wave 3.

If price falls below 1267, this wave count was invalidated and something else is going on.

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Updated count:
www.tradingview.com/chart/Df5v4la3/

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Update: